Smucker's to acquire Folgers coffee business from P&G in $3.3B deal The J.M. Smucker Company (NYSE: SJM) and The Procter & Gamble Company (NYSE: PG) announced on Wednesday the signing of a definitive agreement to merge the Folgers coffee business into Smucker in an all-stock transaction valued at approximately $3.3 billion, including the assumption of an estimated $350 million of Folgers debt. |